Maharashtra government files case against Reliance General Insurance : Rashtra News
Officials at Maharashtra’s agricultural department said this was for the first time such an FIR was filed against an insurance company in the state.
The state government had earlier informed the Centre that non-payment of claims by the company to many farmers could result in a “law-and-order situation” in the state as five other insurers had paid about 90% of the claims for the 2021 kharif season.
RGICL, part of Anil Ambani’s Reliance Group, has been the implementing agency of the insurance scheme in Parbhani district since 2020. It claimed that non-payment of premium subsidies by the state had led to the current situation.
As per the operational guidelines released by the Centre, applicable premium subsidy needed to be released to settle the losses under the company’s three-year contract of implementing the scheme with the Maharashtra government, RGICL said in response to ET.
( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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